Leo Wealth LLC Has $630,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Leo Wealth LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 55.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,995 shares of the transportation company’s stock after purchasing an additional 1,791 shares during the quarter. Leo Wealth LLC’s holdings in United Parcel Service were worth $630,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Consolidated Portfolio Review Corp lifted its stake in United Parcel Service by 239.7% in the fourth quarter. Consolidated Portfolio Review Corp now owns 8,197 shares of the transportation company’s stock valued at $1,034,000 after buying an additional 5,784 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $14,067,000. GHP Investment Advisors Inc. raised its position in shares of United Parcel Service by 4.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 18,461 shares of the transportation company’s stock valued at $2,328,000 after acquiring an additional 724 shares during the period. Buck Wealth Strategies LLC boosted its stake in United Parcel Service by 80.0% during the 4th quarter. Buck Wealth Strategies LLC now owns 5,352 shares of the transportation company’s stock worth $675,000 after acquiring an additional 2,378 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. grew its holdings in United Parcel Service by 7.6% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 8,806 shares of the transportation company’s stock valued at $1,110,000 after purchasing an additional 625 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Down 0.2 %

NYSE:UPS opened at $113.20 on Friday. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The firm has a market capitalization of $96.60 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock’s 50 day moving average price is $126.40 and its two-hundred day moving average price is $129.46.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the business earned $2.47 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 8.61 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.80%. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is 96.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UPS shares. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Morgan Stanley decreased their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group dropped their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus decreased their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, UBS Group dropped their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.